Myamo was incorporated on January 1, 2014, and adopted a calendar year for tax purposes. It had

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Myamo was incorporated on January 1, 2014, and adopted a calendar year for tax purposes. It had the following gross receipts for its first three taxable years:

2014.................................... $5,118,300
2015...................................... 3,520,000
2016...................................... 5,291,000

For which of these three years is Myamo exempt from AMT?

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Related Book For  answer-question

Principles Of Taxation For Business And Investment Planning 2017

ISBN: 9781259753015

20th Edition

Authors: Sally M. Jones, Shelley C. Rhoades Catanach, Sandra R. Callaghan

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